FROM THIS EPISODE

Mayor Villaraigosa wanted to take over LA's public schools,
like the mayors of New York and Chicago.But he's put his career on the line to get
something much less than what he had hoped for.We look at the potential risks and possible benefits of a political
gamble.Also, are legislators
manipulating political finance laws?

After weeks of relentless campaigning, Antonio Villaraigosa pushed a much-compromised school reorganization plan through the Assembly and Senate. The Mayor had hoped to take over LA's public schools--like the mayors of New York and Chicago, but he's put his career on the line to get something much less than the total control he'd wanted. Even if Governor Schwarzenegger signs the reform measure, it won't go into effect until the first of next year, and delay isn't the only obstacle to his goals of improving student performance and reducing the drop-out rate. If it doesn't work out, will he still get all the blame? Can bitter enemies forget their differences and help each other achieve common goals? We look at the potential risks and possible benefits of a political gamble.

With hundreds of bills to be voted on, the last week of the legislative session means chaos in Sacramento, and with hundreds of lobbyists on the scene, it's also the best time for legislators to raise money. To reveal any possible connection between votes cast and money raised, contributions are supposed to be reported in 24 hours. But the reports today on what could be a new scheme to avoid public scrutiny.